What Does Adam Smith's Term "The Invisible Hand" Refer To

question 133

Multiple Choice

What does Adam Smith's term "the invisible hand" refer to?  

• A) the hidden role of government in setting regulations that govern trading in markets 
• B) the most capable entrepreneurs in the economy 
• C) market forces 
• D) the unseen work of the financial markets that facilitate trade

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Definitions:

1817-1825

A period marking James Monroe’s presidency in the United States, notable for the "Era of Good Feelings" and significant growth.

War of 1812

A military conflict fought between the United States and the British Empire, primarily over issues related to trade restrictions and the impressment of American sailors.

American Military System

The organizational structure, processes, and procedures governing the United States armed forces, encompassing various branches such as the Army, Navy, and Air Force.

President Monroe

The fifth President of the United States (1817–1825), known for establishing the Monroe Doctrine, a policy opposing European colonialism in the Americas.